2 5 The controllet for Sheridan Co. is attempting to determine the amount of cash to be reported on its December 31, 2017, balance sheet. The folkwing information is provided Sheridan received a postdated check from a customer. The check is dated January 1, 2018, in the amount of $26.000. The company has a certificate of deposit of $126,000. The CD matures 120 days after its November 1, 2017 date of origination Sheridan Co holds a commercial swings account of $142.000 and a commercial checking account balance of $1.390,000 at First National Bank of Alocander. In addition, a bankoverdraft of $86.000 existed at year end in a separate account that the company uses to deposit cash recripts at First National Bank of Alexander, Asepotate.cash fund in the amount of $1,375,000 is set aside for the expansion of the company's New Jersey factory On December 21, 2017 Sheridan Co purchased $380.000 of commercial paper from Voight, Inc. The commercial paper matures towary 14, 2018 Currency and coin on hand amounted to $10,400 Atrony market fund account held at kopers, Inc. a mutual fund organization) permits Sheridan Co to write checks on the full account balance, which was $900,000 at December 31, 2017 Sheridan Co. has agreed to maintain a cash balance of $250,000 at all times at First National Bank of Alexander to ensure future credit stability The balance in Sheridan Co's petty cash fond 5600 During December 2017, Sheridan Comade travel advances to employees totalin $26.000 for excutive travel that will occur during the first quarter of 2018. The colopens will not reimburse the company for the advance, but are required to spend the funds on company related travel and to submit receipts The company received from Stiller LR, a company customer on December 12, 2017 in the amount of $22 500, . 2 9 10 (a) Compute the amount of cash and cash equivalents to be reported on Sheridan Co's balance sheet at December 31, 2017 Cash and cash equivalents reported on December 31, 2017, balance sheet